Tidal Investments LLC Takes Position in Green Brick Partners, Inc. (NASDAQ:GRBK)

Tidal Investments LLC bought a new stake in Green Brick Partners, Inc. (NASDAQ:GRBK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,327 shares of the financial services provider’s stock, valued at approximately $1,030,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Inspire Investing LLC increased its holdings in shares of Green Brick Partners by 3.7% during the second quarter. Inspire Investing LLC now owns 6,129 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 221 shares in the last quarter. GAMMA Investing LLC increased its stake in Green Brick Partners by 20.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 305 shares in the last quarter. Kendall Capital Management lifted its stake in shares of Green Brick Partners by 1.8% in the second quarter. Kendall Capital Management now owns 17,883 shares of the financial services provider’s stock valued at $1,024,000 after buying an additional 315 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Green Brick Partners by 43.6% during the third quarter. Blue Trust Inc. now owns 1,142 shares of the financial services provider’s stock valued at $95,000 after buying an additional 347 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in shares of Green Brick Partners during the third quarter worth about $29,000. 78.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, December 3rd.

Green Brick Partners Price Performance

GRBK opened at $56.69 on Friday. Green Brick Partners, Inc. has a 1 year low of $48.38 and a 1 year high of $84.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 7.36 and a beta of 1.80. The firm’s fifty day moving average price is $71.97 and its two-hundred day moving average price is $70.20.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm had revenue of $523.70 million for the quarter, compared to analysts’ expectations of $539.86 million. During the same quarter last year, the firm posted $1.56 earnings per share. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. As a group, analysts anticipate that Green Brick Partners, Inc. will post 8.24 earnings per share for the current fiscal year.

About Green Brick Partners

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.